RBI data shows bad loans in India are the lowest in at least 13 years. While write-offs are the main reason, lower NPA additions & falling slippage ratio are also driving factors.
In series of X posts, Finance Minister Nirmala Sitharaman highlights 'banking sector turnaround from non-performing assets crisis created by UPA to Rs 3 lakh crore profits in FY24'.
The RBI has clarified that the penalty is not intended to pronounce upon the validity of any transactions or agreements that the bank has entered into with its customers.
RBI has made it more costly to lend & borrow unsecured loans. One reason is financial risk these loans can pose, while another is harassment of borrowers by recovery agents.
Indian banks, regulators, and investors weren’t worried when crises began exploding in US and European banks earlier this year. This resilience has been a long time coming.
In FAQ document, RBI says its new guidelines won't stop penal proceedings against wilful defaulters & that recoveries will continue even if loans are technically written off.
In anticipation that consumers will ease their purse strings during festive season, banks including SBI & HDFC have slashed home loan rates to the lowest level in a decade.
HDFC's retail loans grew around 9.3 per cent slower than its overall book's 14.4% in the June quarter, much lower than SBI (16.5%) & ICICI (20%) growth in that portfolio.
With his cameo in Bads of Bollywood, Emraan Hashmi, who has long shifted away from his signature bold image, got the chance to revive his boyhood charm.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
There were no plans to have Mk1A version. However, compromise was reached between HAL & IAF in 2015 since original plan for getting Mk2 would've been time-consuming affair.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
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